Shares of Weyerhaeuser Company (WY) jumped 3.3% after the company announced an interim supplemental dividend of $0.50 per share and a new share buyback program of up to $1 billion of its common shares. Shares closed at $36.41 on September 22. Weyerhaeuser manufactures, distributes, and sells forest products and is the world’s largest private owner of timberlands. Shares have gained 35.6% over the past year. (See Weyerhaeuser stock charts on TipRanks) The interim cash dividend is payable on October 19 to holders of record as of October 5 and is consistent with the company's commitment to enhance shareholder returns.
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Weyerhaeuser (NYSE:WY)
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